Bunge shuts down ammonia plant in Argentina
The company cites a plant more than 50 years old and market changes; the Campana unit produced fertilizer inputs.
Translated from the Portuguese original by the Panorama newsroom. Read in Portuguese
Summary written by the Panorama newsroom from the sources listed below. Facts are attributed to the original publications.
The agribusiness multinational Bunge has decided to end industrial operations at its plant in Campana, in Buenos Aires province, Argentina, g1 reported.
The unit produced ammonia and ammonium thiosulfate, substances used in making fertilizers. Ammonia is a raw material for nitrogen fertilizers, such as urea, applied to crops such as corn, wheat and rice.
The company attributes the decision to a combination of factors that "compromise the economic viability of the operation," such as infrastructure and technology limitations of a plant more than five decades old and changes in market conditions and input supply.
According to the Argentine newspaper La Nación, cited by g1, the Association of Argentine Cooperatives took part in the unit, with a stake equivalent to 17.5% of production.
In a statement to g1, Bunge said the shutdown is limited to Campana and does not change its other activities in the country, and said it will continue investing in infrastructure.